Spotify Technology SA
NYSE:SPOT

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Spotify Technology SA Logo
Spotify Technology SA
NYSE:SPOT
Watchlist
Price: 648.25 USD -1.07% Market Closed
Market Cap: 130.2B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one SPOT stock under the Base Case scenario is 227.46 USD. Compared to the current market price of 648.25 USD, Spotify Technology SA is Overvalued by 65%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SPOT Relative Value
Base Case
227.46 USD
Overvaluation 65%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

7.3
P/S
P/S
Price to Sales
7.3
vs History
1
vs Industry
11
Median 3Y
2.5
Median 5Y
4.1
Industry
1.4
Forward
6.5
More Details
101.6
P/E
P/E
Price to Earnings
101.6
vs History
12
vs Industry
5
Median 3Y
-31.2
Median 5Y
-67.6
Industry
17.8
Forward
57.1
More Details
45
P/OCF
P/OCF
Price to OCF
45
vs History
88
vs Industry
7
Median 3Y
63.8
Median 5Y
96.2
Industry
11.1
More Details
47.3
P/FCFE
P/FCFE
Price to FCFE
47.3
vs History
57
vs Industry
9
Median 3Y
53.6
Median 5Y
53.6
Industry
15.9
More Details
19
P/B
P/B
Price to Book Value
19
vs History
11
vs Industry
2
Median 3Y
13.9
Median 5Y
14.7
Industry
1.7
More Details
6.8
EV/S
EV/S
Enterprise Value to Sales
6.8
vs History
1
vs Industry
12
Median 3Y
2.3
Median 5Y
3.8
Industry
1.5
Forward
6.1
More Details
22
EV/GP
EV/GP
Enterprise Value to Gross Profit
22
vs History
11
vs Industry
8
Median 3Y
9.1
Median 5Y
14.1
Industry
3.3
More Details
60.9
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
60.9
vs History
50
vs Industry
5
Median 3Y
66.8
Median 5Y
66.8
Industry
8.5
Forward
41.5
More Details
65
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
65
vs History
26
vs Industry
5
Median 3Y
-29.7
Median 5Y
-37.9
Industry
12.2
Forward
46.1
More Details
42.2
EV/OCF
EV/OCF
Enterprise Value to OCF
42.2
vs History
88
vs Industry
8
Median 3Y
58.5
Median 5Y
91.4
Industry
10.4
More Details
42.5
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
42.5
vs History
88
vs Industry
9
Median 3Y
63.9
Median 5Y
121.2
Industry
13.1
More Details
27.2
EV/IC
EV/IC
Enterprise Value to IC
27.2
vs History
3
vs Industry
1
Median 3Y
8.9
Median 5Y
10.5
Industry
1.4
More Details

Multiples Across Competitors

SPOT Competitors Multiples
Spotify Technology SA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
LU
Spotify Technology SA
NYSE:SPOT
132.9B USD 7.3 101.6 60.9 65
US
Netflix Inc
NASDAQ:NFLX
487.7B USD 12.1 52.6 18.3 44.3
US
Walt Disney Co
NYSE:DIS
194.6B USD 2.1 21.8 12 16.5
NL
Universal Music Group NV
AEX:UMG
49.4B EUR 4.2 23.7 23.4 28.8
US
Live Nation Entertainment Inc
NYSE:LYV
31.6B USD 1.4 45.7 16.9 24.6
US
TKO Group Holdings Inc
NYSE:TKO
27.3B USD 20.4 161.2 78.3 103.5
US
Warner Bros Discovery Inc
NASDAQ:WBD
22.3B USD 0.6 -2 2.6 93.9
CN
Tencent Music Entertainment Group
NYSE:TME
21.7B USD 5.5 23.6 18.8 18.8
FR
Bollore SE
PAR:BOL
15.7B EUR 5 8.6 12.2 -35.1
US
Warner Music Group Corp
NASDAQ:WMG
14.2B USD 2.2 28.2 14.4 19.9
US
Endeavor Group Holdings Inc
NYSE:EDR
13.8B USD 1.9 -17.6 34.6 -207.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
LU
Spotify Technology SA
NYSE:SPOT
Average EV/EBIT: 46.2
65
43%
1.5
US
Netflix Inc
NASDAQ:NFLX
44.3
22%
2
US
Walt Disney Co
NYSE:DIS
16.5
19%
0.9
NL
Universal Music Group NV
AEX:UMG
28.8
18%
1.6
US
Live Nation Entertainment Inc
NYSE:LYV
24.6
17%
1.4
US
TKO Group Holdings Inc
NYSE:TKO
103.5
50%
2.1
US
Warner Bros Discovery Inc
NASDAQ:WBD
93.9
52%
1.8
CN
Tencent Music Entertainment Group
NYSE:TME
18.8
21%
0.9
FR
Bollore SE
PAR:BOL
Negative Multiple: -35.1 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
19.9
12%
1.7
US
Endeavor Group Holdings Inc
NYSE:EDR
Negative Multiple: -207.1 N/A N/A

See Also

Summary
SPOT intrinsic value, competitors valuation, and company profile.
DCF Valuation
SPOT stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SPOT stock valuation using valuation multiples.
Wall Street Estimates
SPOT price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SPOT stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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